The Hampton Roads Alliance is a public-private partnership funded by 11 public and nearly 70 private sector investors. Investing in the Alliance means investing in the current and future economy of the 757. With the support of its community and business partners, the Alliance is able to fulfill its mission of working collaboratively to attract, grow and retain higher-wage industries and talent to create a more resilient, inclusive and diverse region of choice.
Learn more about our investors and what they have accomplished, what they see as our region's greatest assets and why they choose to invest in the Alliance in the Investor Spotlights linked below.
Franklin Southampton Economic Development, Inc., (FSEDI) currently led by Interim President and CEO Ashley Covington, with Karl Heck joining the team in August, is a unique office in it operates as a 501 (c) 3 that represents the economic development needs of the City of Franklin and Southampton County. The mission of the organization is to diversify the economy, create high quality jobs and provide a future for the families and youth of Franklin and Southampton.
The Hampton Roads Community Foundation is the largest grant and scholarship provider in the Hampton Roads region and one of 30 community foundations in the Commonwealth of Virginia. The foundation is a key partner in the local economy, and a Premier Investor in the Hampton Roads Alliance.
The city of Newport News Department of Development, led by Director Florence Kingston, is one of the highest performing economic development agencies in the Commonwealth. Their mission is to grow and diversify the tax and employment base of Newport News. They meet their mission by attracting new businesses and industries to create new jobs, working with existing business to expand and add jobs, and promoting strategic revitalization. The Department has announced several major attraction and expansion projects recently, including the following:
TowneBank began in April 1999 with start-up capital from over 4,000 shareholders, 86 employees, and 66 directors to open three banking offices. They now have 42 banking offices spanning from Charlotte and Outer Banks, North Carolina to Hampton Roads and Richmond, Virginia. They are one of the largest banks headquartered in Virginia and have been ranked by American Banker Magazine as one of the “Best Places to Work Nationwide.”
ODU is a dynamic, entrepreneurial-minded public doctoral research university that serves more than 24,000 students and contributes around $2.6 billion annually to Virginia’s economy. ODU’s Strome College of Business is a key player in the regional economic development ecosystem and a Gold Investor in the Alliance.
The City of Portsmouth offers a modernized historical downtown full of walkable businesses, as well as cultural and recreational entertainment options. The dynamic neighborhoods and business districts offer residents and professionals access and options quickly while remaining central to the 757. The City boasts over 90 miles of shoreline and a population of 94,000+.
W.M Jordan is a nationally ranked construction management company based out of Newport News, VA. They have worked on numerous projects throughout Hampton Roads including: ODU’s New Chemistry Building, Bon Secours Harbour View Cancer Institute, CHKD Medical Tower II, and more. They believe there are many growth opportunities for the 757 but "capitalizing on the maritime qualities of our region" such as the Port, the Navy, shipbuilding, the beaches, etc, offer the greatest potential. The company has continuously been at the forefront of construction management due to its guiding philosophy of “The Relentless Pursuit of Excellence.” This philosophy includes providing their employees with safety training to help them both in and out the work environment.
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